Echo Investment announces its strategy

Real estate developer Echo Investment has announced its new strategy for the next few years, which assumes a focus on development activity in Poland and achieving the dominant position in the office, retail and residential sectors. "We have been transforming from an investment and development company into a classic developer. We will be building, leasing and selling our projects rather than creating a portfolio of properties for lease, as has been done so far. This will allow us to generate capital turnover more rapidly as well as higher rates of return and as result to pay regular dividends to our shareholders," emphasized Nicklas Lindberg, the CEO of the company. Currently, Echo Investment has 49 projects with an area of over 500,000 sqm under construction and preparation. In H1 2016, the developer reported a consolidated net profit of PLN 298.96 million, which is 13 times higher than in the corresponding period last year. Echo Investment is a property developer which manages approximately 400,000 sqm of space occupied by shopping centers, offices and housing buildings all over Poland. The company has been listed on the WSE since 1996.